The Car Market Is So Bad Right Now Rich People Are Buying Their Rolls-Royces And Bentleys Used

Discussion in 'Petrol Heads Forum' started by Calliers, Jul 21, 2021.

  1. Calliers

    Calliers Administrator/Editor Staff Member

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    As you know, it’s a hard time to be a car buyer. New vehicles are hard to find and those you can find are in limited supply, overpriced, or both. This has made used cars hard to come by and inflated their prices. Not just for basic used cars either, Bloomberg reports that even buyers of high-end cars like Rolls Royces and Bentley are turning to the used market.

    With order books full for the next few months, Rolls Royce buyers are having to turn to something I didn’t know existed: the company’s certified pre-owned program called Provenance. Don’t be surprised if you haven’t heard of it either. The company usually sells only a handful of CPO Rollers. Now sales are up. From Bloomberg:

    More than ever, members of the Rolls-Royce elite are choosing to purchase vehicles from the company’s “Provenance”—or highly selective pre-owned—program. “It used to be that one out of three vehicles we sold were Provenance,” said Gerry Spahn, head of communications for Rolls-Royce North America, during a luncheon held for reporters in order to showcase the new cars. “Now, it’s closer to 75%.”

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    Source: jalopnik
     
  2. IvanV

    IvanV HH Assassin Guild Member

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    In other words, this crisis is hitting the rich so hard that the production capacity of manufacturers of luxury cars is no longer anywhere near enough to satisfy the demand.
     
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  3. Calliers

    Calliers Administrator/Editor Staff Member

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